manufacturing growth Doug Short: This morning we got the latest Empire State Manufacturing Survey. The diffusion index for General Business Conditions at -1.2 shows a drop from last month's 6.9, which signals a slight contraction in activity.
real estate Doug Short: This morning's release of the March New Single-Family Homes Sales from the Census Bureau at 481K disappointed expectations, although the sales for the previous month were revised upward.
The S&P 500 is flat year-to-date. But as always, if you dig below the surface you uncover a lot of interesting things. And what I've been digging deeper into is the relative performance of small- and mid-cap stocks.